hdfc bank ltd-adr (HDB) Related Businessweek News

hdfc bank ltd-adr (HDB) Details

HDFC Bank Limited, together with its subsidiaries, provides a range of banking and financial services to individuals and businesses in India, as well as in Bahrain and Hong Kong. The company operates in four segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking Operations. It offers various deposit products, including savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as foreign currency deposits; loan products comprising personal, business, home, car, two wheeler, educational, term, gold, and rural loans, as well as working capital finance, and loans against assets and government sponsored programs; credit, debit, and prepaid cards; and private banking services. The company also provides trade services, cash management services, foreign exchange services, bills discounting, export packing credit, letter of credit, bank guarantees, other structured finance products, and electronic banking services; and distributes life, motor, travel, two wheeler, and home insurance products, as well as mutual funds. In addition, it offers investment banking services in the areas of equities and derivatives, project appraisal, mutual funds, IPO, gold and silver investments, bonds, structured finance, loan syndication and debt capital markets, equity placement, mergers and acquisitions, corporate advisory services, and capital market advisory services. Further, the company provides online and mobile banking services. As of September 30, 2014, the company operated a network of 3,600 branches and 11,515 ATMs in 2,272 cities/towns. HDFC Bank Limited was founded in 1994 and is based in Mumbai, India.

TRANSFAST and HDFC Bank of India said they have partnered on a service that enables TRANSFAST customers to make instant transfers into HDFC Bank on a 24/7 basis every day of the week, including bank holidays. Its customers are now able to send money to friends and family in India via mobile phones, tablets, desktop, laptops and in person at agent locations. Money can be deposited directly into recipients' bank accounts, or they can pick up cash at more than 25,000 convenient locations across India.

HDFC Bank Limited Opens New Branch in Odisha, India

Feb 19 15

HDFC Bank Limited has opened a new branch in Odisha. The urban branch is located at Infocity Bhubaneswar, inside the IT hub and special economic zone of Bhubaneswar, India. The branch is located at Gr. Floor, Plot no E/3, Infocity, Chandaka Industrial Estate, Patia. The new branch will cater to the local population of just over 50,000 in and around Infocity.

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